Americans are likely to spend between three and four percent more on their holiday shopping this year than last, in an apparent sign of increased consumer confidence, according to a survey published Wednesday.
The poll, conducted jointly by the Consumer Federation of America (CFA) and the Credit Union National Association (CUNA), found 12 percent of consumers said they would spend more on holiday purchases in 2012 than 2011.
That compares to just eight percent of respondents who said the same thing when polled this time last year.
A statement accompanying the annual survey said that this year’s planned increase in spending by some consumers “may well reflect perceived improvement in their financial situation.”
Meanwhile, the percentage of people who said they would spend less on gifts this year than last was 38 percent — three percent less than the number of people who gave that response in last year’s poll.